Thompson Siegel & Walmsley LLC Has $3.57 Million Stake in Mama’s Creations, Inc. $MAMA

Thompson Siegel & Walmsley LLC trimmed its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,598 shares of the company’s stock after selling 36,847 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Mama’s Creations were worth $3,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MAMA. Park West Asset Management LLC acquired a new position in Mama’s Creations during the third quarter worth $8,408,000. Brown Capital Management LLC acquired a new position in shares of Mama’s Creations in the third quarter valued at $7,332,000. Alyeska Investment Group L.P. acquired a new position in shares of Mama’s Creations in the third quarter valued at $4,182,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Mama’s Creations in the second quarter valued at $2,047,000. Finally, Royce & Associates LP acquired a new position in shares of Mama’s Creations in the fourth quarter valued at $2,834,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the sale, the chief executive officer owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.03% of the company’s stock.

Mama’s Creations Trading Up 2.7%

Shares of Mama’s Creations stock opened at $14.63 on Wednesday. The firm has a 50-day moving average of $14.63 and a 200-day moving average of $14.23. The stock has a market cap of $595.59 million, a PE ratio of 121.92 and a beta of 0.60. Mama’s Creations, Inc. has a 52-week low of $7.60 and a 52-week high of $17.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.71 and a current ratio of 2.17.

Mama’s Creations (NASDAQ:MAMA) last announced its earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $53.99 million during the quarter, compared to analysts’ expectations of $52.64 million. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. As a group, sell-side analysts forecast that Mama’s Creations, Inc. will post 0.25 EPS for the current year.

Wall Street Analyst Weigh In

MAMA has been the topic of several research reports. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. DA Davidson reiterated a “buy” rating and issued a $25.00 price objective on shares of Mama’s Creations in a report on Wednesday, May 20th. Weiss Ratings upgraded shares of Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Finally, Zacks Research downgraded shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Profile

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.